Welcome to illuminati silver, we tell you
the truth about silver. Today is Sunday 5th November 2017 and we are
providing our gold and silver weekly update for the week ending 3rd November. It’s bonfire
night in the UK and so you may hear fireworks in the background.
Gold fell $3 last week from $1273 to $1270 having hit a high of $1,283 and a low of $1,266.
In sterling terms gold finished the week at £971 that’s up £2, and in Euros it closed
at 1,093 Euros that’s down 3 Euros on the week.
Silver fell 1 cent from $16.86 to $16.85 having hit a high of $17.22 and a low of $16.66.
In sterling terms it closed at £12.89 that’s up 4 pence for the week and in Euros it closed
at 14.51 euros that’s down 0.01 euros. The Gold to Silver Ratio fell slightly from
75.50:1 to 75.37:1 The Dow Jones closed on Friday at 23,539 up
22 points on the day and up 105 points on the week, and the NASDAQ closed at 6,764 up
49 points on the day and up 63 points on the week.
Brent Crude rose $1.36 cents from $60.71 to $62.07 and US Light Crude rose $1.57 cents
from $54.07 to $55.64 The dollar index stands at 94.94 that’s
up 0.04 on the week. Last week we warned do not get too excited
about gold and silver prices and last week we saw very small movements both upwards and
downwards in both metals ending the week marginally down in dollar terms and marginally up in
sterling terms. There were quite a few announcements which
could have affected prices, the indictment of Manafort on Monday, the release of the
Republican Tax reform plans, the FED hinting at a possible rise in interest rates for December,
interest rates actually going up in the UK by 0.25% and the poor US Job figures announced
on Friday showing non-farm payrolls coming in at 261k jobs compared with an estimated
312k. All of which moved markets very little. What we did witness was a further strengthening
in the price of oil, a continuing increase in stock market indices and a small but continuing
firming of the US dollar. This coming week is likely to see little change
yet again unless geo-political tensions increase especially President Trump’s warnings against
North Korea. Our intelligence has also advised us that Mueller has registered between 12-
14 indictments concerning the Russian Collusion scandal and associated alleged crimes and
these will be gradually released over the coming weeks – we shall see if our intelligence
proves accurate and what, if any, effect they have on markets, the dollar and of course
the price of gold and silver. We are beginning to look at platinum again
and believe there may be a move in the price of this commodity in coming months. It’s
down $72 an oz during the past 12 months, down $262 the past 3 years and down $645 the
past 5 years. We have always stated that it’s a buy below $900 and it’s been simmering
a little above that level recently. We shall give our thoughts on this in another video
during the coming weeks – we still have plenty of time to decide but we do see a break
in price during the next 6 months and will reveal in which direction.
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can be found at facebook.com/illuminatisilver Disclaimer:
Illuminati Silver owners come from a background of Banking, International Wealth Management
and Economics. Having now retired from these worlds we are not qualified to give investment
advice. Therefore, this and other productions must not be deemed to be giving such advice
and merely represent the personal views of its owners.